Pendle, a protocol that enables tokenization and trade of future yields, has been gaining attention.
Bitcoin yields as high as 45% in the new pools have attracted a substantial turnout.
Arthur Hayes, BitMEX founder, has been an active player in PENDLE, though recently has shifted his attention to ATH from PENDLE. Nevertheless, whale activities and increased fund deposits hint a positive price trajectory in the PENDLE market. The value locked in Pendle witnessed a drop but made a significant recovery with new BTC yield pools. Amid the
crypto market downturn, Pendle showed resilience showcasing potential for higher returns. Recent news of a shift of 2M PENDLE tokens worth $11M to
Binance and bullish strategies of well-known crypto personalities like
Arthur Hayes have prompted speculations of a potential price pump. However, factors like
DeFi expansion, and the end of certain LRT markets have affected its price. Nevertheless, the
prediction for Pendle price (PENDLE) remains positive for the long term, going as high as $20. A noteworthy concern is the delisting of PENDLE/TUSD pair on Binance.
Arthur Hayes sold 350k PENDLE at a loss, causing some worries among investors. Still, many experts remain bullish on Pendle due to its expansion into real-world assets. Moreover, Pendle's consistent improvement and projected returns make it a promising addition to a crypto portfolio. With the promise of upgrades and partnerships on the horizon, analysts look forward to
Pendle's price performance in the coming years.
PENDLE Coin News Analytics from Wed, 05 Jul 2023 07:00:00 GMT to Sat, 18 Jan 2025 19:35:00 GMT -
Rating 5
- Innovation 7
- Information 6
- Rumor -2
